Plan Ledger DOL Form 5500 · updated monthly

Billups, LLC401(k)

BILLUPS 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.06%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Billups, LLC reported $5,725 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,701 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.49% to 0.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,466th of 5,648), and 7,661st of 11,654 in professional & technical services. In 2024, employees put in $2.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,090,627
Participants with balances186
Active participants132
Employer contributions$488,593
Employee contributions$1,110,122
Employer contribution per active participant$3,701
Average account balance$59,627
Benefits paid to participants$629,728
Plan auditUnmodified (clean) audit opinion
AuditorGEFFEN MESHER & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 186 accts · $489K emplr
2023$7.6M · 184 accts · $237K emplr
2022$5.3M · 194 accts · $287K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,575
Total administrative$5,725
The Billups, LLC 401(k) match · 2024
Employer contribution per active participant$3,701
Median for plans this size$1,313
2024$3,701 per active participant
2023$2,006 per active participant
2022$2,332 per active participant

Billups, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
RAYMOND JAMES FINANCIALindirect comp
PENSION PLAN SPECIALISTS, PC · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$5,725 · 0.06%
2023$14,801 · 0.23%
2022$29,263 · 0.49%
Same employer
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Kaltura, Inc NY$11.4M · 0.10%
Caipa Mso LLC NY$11.2M · 0.62%
Ic Consult US Corp NY$11.2M · 0.58%
Celerant Technology Corp NY$11.0M · 0.24%
ARLOZOROV9, Inc. NY$10.7M · 0.45%
The Expert Institute NY$10.7M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542128857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.